SPYX Options History — October 2025

In October 2025, SPYX traded between $54.06 and $56.69. ATM implied volatility averaged 21.0%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 10.6% (HV 20d: 10.4%). Max pain ranged from $46.00 to $56.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 6.87.

Notable Days

  • 2025-10-21: Highest Volume — 49 contracts
  • 2025-10-15: Largest IV drop — 59.4% change
  • 2025-10-14: Highest IV Rank — 42.4%
  • 2025-10-17: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.34$54.06$56.69$55.06$56.36
Max Pain$52.61$46.00$56.00$46.00$56.00
ATM IV21.0%15.1%39.2%18.7%18.5%
Expected Move5.0%4.3%5.8%5.4%5.3%
HV 20d10.4%6.3%13.2%7.1%13.2%
HV 60d9.8%8.6%10.8%8.7%10.0%
IV Rank14.6%5.5%42.4%11.1%10.7%
IV Percentile46.2%6.0%96.4%39.7%39.3%
Term Structure-1.6%-5.6%2.3%-4.4%-2.5%
VWIV17.4%9.0%28.1%28.1%9.7%
Skew 25d6.3%-0.5%11.3%6.8%-0.5%
Skew 10d8.8%1.9%11.7%2.5%7.3%
Call IV 25d11.7%7.9%14.9%12.9%14.2%
Put IV 25d18.0%13.7%20.5%19.7%13.7%
Bid-Ask Spread %155.75127.30167.78127.30158.87
Gamma HHI0.200.160.250.250.20
Net GEX-38.8K-54.2K-23.8K-27.5K-47.6K
Net DEX217.8K71.7K348.1K96.6K325.3K
Net VEX-2.3K-2.9K-1.6K-1.7K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.870.0042.000.0042.00
Total Volume13.217049125
Total OI393.391310482310482

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$55.06$46.0018.7%5.4%7.1%11.1%28.1%6.8%-4.4%-27.5K96.6K-1.7K0.00127.30N/AN/A1024286
2025-10-02$55.12$46.0019.9%5.7%6.6%12.9%0.0%5.8%-4.9%-25.4K94.3K-1.7K0.00128.59N/AN/A2024286
2025-10-03$55.16$46.0020.0%5.7%6.5%13.0%25.4%5.1%-5.6%-24.8K93.1K-1.7K0.00132.82N/AN/A2024286
2025-10-06$55.34$52.0022.1%4.5%6.5%16.3%0.0%8.2%0.4%-26.5K78.1K-1.6K0.00164.10N/AN/A11024286
2025-10-07$55.11$52.0022.3%4.4%6.8%16.6%0.0%6.0%-0.0%-23.8K71.7K-1.7K0.00163.78N/AN/A01529286
2025-10-08$55.40$52.0024.1%4.5%6.9%19.3%0.0%8.2%0.1%-27.1K94.3K-1.9K0.00165.66N/AN/A01029301
2025-10-09$55.27$52.0025.2%4.5%6.3%21.0%0.0%7.0%-0.3%-29.5K123.8K-2.0K0.00164.83N/AN/A02529311
2025-10-10$54.06$52.0030.9%4.7%10.3%29.7%9.0%2.1%-2.9%-33.9K282.3K-2.8K3.75149.47N/AN/A41529335
2025-10-13$54.67$52.0033.7%4.8%11.0%34.0%0.0%6.6%-1.2%-41.4K215.8K-2.5K0.00161.49N/AN/A01033350
2025-10-14$54.44$52.0039.2%5.1%11.1%42.4%0.0%4.8%-0.9%-40.1K263.4K-2.7K0.00155.62N/AN/A01533360
2025-10-15$54.78$52.0015.9%4.6%11.3%6.8%0.0%5.6%0.5%-45.0K258.6K-2.7K0.00154.26N/AN/A0032375
2025-10-16$54.37$52.0017.7%5.1%11.5%9.6%0.0%3.5%0.1%-45.0K313.5K-2.9K0.00152.60N/AN/A01032375
2025-10-17$54.77$52.0020.1%5.8%11.7%13.2%14.2%11.3%0.4%-51.6K306.5K-2.9K4.50144.13N/AN/A2932385
2025-10-20$55.37$52.0017.3%5.0%12.3%9.0%0.0%8.5%-2.4%-41.8K300.5K-2.6K0.00163.80N/AN/A0116380
2025-10-21$55.41$52.0017.6%5.0%12.0%9.4%24.7%8.6%-2.6%-43.3K285.7K-2.5K15.33166.90N/AN/A34616380
2025-10-22$55.02$56.0017.2%4.9%12.2%8.8%0.0%5.8%-2.6%-52.5K348.1K-2.9K0.00160.90N/AN/A0017426
2025-10-23$55.38$56.0017.6%5.0%12.2%9.4%0.0%8.0%-2.7%-54.2K313.2K-2.6K0.00167.11N/AN/A0017426
2025-10-24$55.89$56.0016.5%4.7%12.4%7.7%0.0%10.4%-2.1%-46.7K159.0K-1.6K7.50167.78N/AN/A21517426
2025-10-27$56.42$56.0015.1%4.3%12.7%5.5%10.9%7.2%2.3%-44.4K263.8K-2.5K0.00154.50N/AN/A4016441
2025-10-28$56.69$56.0017.1%4.9%12.7%8.7%9.7%9.8%0.4%-41.3K201.8K-2.2K2.50162.27N/AN/A41017441
2025-10-29$56.54$56.0017.5%5.0%12.7%9.2%0.0%3.2%-2.8%-39.9K257.5K-2.6K42.00157.30N/AN/A14221451
2025-10-30$56.10$56.0018.6%5.3%13.2%10.9%0.0%3.5%-3.5%-39.1K261.6K-2.6K0.00158.12N/AN/A02022440
2025-10-31$56.36$56.0018.5%5.3%13.2%10.7%0.0%-0.5%-2.5%-47.6K325.3K-2.9K0.00158.87N/AN/A02522460